China Everbright Limited, AIoT firm Terminus join hands to launch $1.4b fund

China Everbright Limited, AIoT firm Terminus join hands to launch $1.4b fund

Shanghai, China. Source: Robynne Hu/Unsplash

China Everbright Limited, a financial services arm of state-owned conglomerate China Everbright Group, has teamed up with its AIoT-enabled smart city platform Terminus Technologies to launch a private equity fund that targets a corpus of 10 billion yuan ($1.4 billion).